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I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the banks and restored to Congress and the people to whom it belongs.” (Thomas Jefferson, this indignant protest can be heard today across the vista of two whole centuries Letter to the Secretary of the Treasury Albert Gallatin, 1802.)


Related Categories
Money
Money: Central Banks / Federal Reserve
Money: Inflation


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